Industry News
Housing affordability now “top priority” for Ontarians
New polling from the Ontario Real Estate Association (OREA) confirms that the majority of Ontarians are concerned about housing affordability and the high cost of living.
AB security deposits resume earning interest
Under the triggering formula in Alberta regulations, residential rental security deposits will resume earning interest in 2024 for the first time in 16 years.
Canada rekindling war-time housing plan
Canada is creating a catalogue of pre-approved home designs that builders can use to create more density and help solve the housing crisis.
Rent growth moderates for third consecutive month
The annual rate of rent growth in Canada moderated for the third consecutive month, with the average rent in November reaching $2,174.
First phase of Mayfair West project revealed
Grosvenor has submitted a development permit application to redevelop the first phase of Mayfair West.
Report forecasts busier housing market in 2024
The average residential sale price in most regions is expected to increase between two and 7.5 per cent in 2024.
Rentsync announces merger with software creator, Building Stack
Toronto-based marketing solutions provider, Rentsync, has merged with Montreal-based software creator, Building Stack.
FRPO announces 2023 MAC Awards winners
FPRO hosted the 2023 MAC Awards on November 30th at the Metro Toronto Convention Centre, where it announced this year's esteemed winners.
New report compares consumer debt in Canadian cities
An analysis by savvynewcanadians.com breaks down complex financial data from CMHC and Statistics Canada to reveal how much debt Canadians are carrying from city to city.
Ontario promises Toronto over $1 billion in funding
The deal includes up to $1.2 billion in provincial operating supports towards key investments in areas such as housing development and transit infrastructure.
Report forecasts benefits of investing in community housing
A new report commissioned by CHRA and Housing Partnership Canada quantifies the economic benefits of raising the nation's community housing stock.
Birchley Park wins best project at Brownie Awards
Birchley Park was honoured as Best Overall Project for 2023 at the Brownie Award ceremony in Toronto tonight.
CRA to be disabused on investment tax credits
Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Multi-res plans for a former high school site in Calgary
The redevelopment plan envisions a variety of housing types with 2,500 residences close to employment and education hubs.
Harrison Street acquires two Kingston student housing assets
Chicago-based Harrison Street announced it has acquired two new student housing buildings in the tight rental market of Kingston, Ontario.
Average asking rent in Canada hits new high
For the sixth month in a row, average asking rents for vacant rental units in Canada rose to new heights, reaching $2,178 for all property types.
Toronto announces RHI funding for new affordable housing project
The City of Toronto announced new funding for 106 rent-geared-to-income and supportive homes at 165 Elm Ridge Dr. as part of Phase 3 of the federal Rapid Housing Initiative (RHI).